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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (23034)	11/12/1997 7:21:00 PM
From: Harold S.	Respond to of 61433

Addi, This was my point exactly.

To: uu who wrote (23034)	11/12/1997 7:33:00 PM
From: jbershad	Respond to of 61433

Bravo and right on the money. Asnd is one of my few losers. Jerry

To: uu who wrote (23034)	11/12/1997 7:51:00 PM
From: sea_biscuit	Read Replies (3) \| Respond to of 61433

RE: I can almost guarantee you that I am at least still 30-40% ahead of you - even after the 30-35% decline of my portfolio for the past 3-4 weeks (my wife and I have 85% of our assets in our stock portfolio which is 100% high techs). I would feel very uncomfortable being 100% in high-techs. Remember Templeton's Maxim #8 : "Popularity is temporary. When a sector goes out of fashion, it stays out for many years." Unfortunately, nobody rings a bell when a sector goes out of fashion, and so, there is no way of saying when it will happen! About 14% of the S&P 500 is accounted for by hi-tech companies. So, in a truly diversified portfolio, one out of 7 stocks in the portfolio should be hi-tech (assuming one owns equal-dollar amounts of each stock). Even if I am madly in love with tech stocks, I would limit myself to twice their representation in the S&P 500, i.e. 28%, or 2 out of 7 stocks in the portfolio. Dipy.

To: uu who wrote (23034)	11/12/1997 9:24:00 PM
From: Johnathan C. Doe	Respond to of 61433

Addi, I am a trader and I am in the market most of the time. I got out several weeks ago after the first plunge and recovery, I took that recover to exit along with a lot of the smart money. I bought heavily in the techs in March and April and received 100% to 500% return on my selections and then I sold them and pocketed the profits because there is one thing I understand about the techs: they don't stay up for ever. It seems a purging happens every 9 months or so and after the big run since the end of April, it was time to get the hell out. How much evidence did people need to see it was a turning of sentiment in the techs? It never look temporary to me. We are right where I figured we would be, and we are headed a lot lower. I plan to buy at some point across the board and make another 100% to 500% on the tech stocks I pick. I just want to see more blood in the street across the board before I re-enter. If you want to make money in the techs, only buy them twice a year after a general slaughter and buy the top names well diversified across sectors and as the sectors come back rotate across sectors. You will make huge returns. Then get out and wait. Going long in the techs is nuts.